John Bickley

So let's start here at home.

We've seen gas prices rise dramatically in the last few days.

I know I have personally.

What should Americans be bracing for?

How high will prices go?

Well, this is obviously a very strong concern, and it's not lost on anyone in the White House, including President Trump, that the American midterms are coming and that gas prices over the summer are going to be a major issue.

So they have every incentive in the world to

bring this conflict to a close as soon as they, you know, efficiently can.

And I think you'll see those prices start to come down actually quite quickly because there's a glut of oil on the water that can't move.

The minute the strait is opened, that oil can start moving.

And we also have this additional capacity in terms of pipelines that we've been using as a stopgap

We can keep maximizing that, say, 8 million barrels a day going through Saudi Petroline.

They usually don't use it that way.

We could keep that oil pumping if they're willing to up production and really get a lot of product in the market very quickly.

You'll see those prices come right on down.

Right.

The Saudi pipeline is crucial here.

Can you unpack that for our audience?

What exactly are they doing now and how is it different than what they usually do?

Well, this is really an interesting case.